Putting taxpayers on the hook without anything in return could be a mistake, said Urban Backstrom, a senior Swedish finance ministry official at the time. "The public will not support a plan if you leave the former shareholders with anything," he said.Let's see if that will be true in this country.
Thursday, September 25, 2008
If you're forced to have a governmental bailout, it would appear that you could do a heck of a lot worse than follow the example of Sweden. Money quote:
Posted by Grey Matter at 10:53 PM